Question 1

What's the conforming loan limit in Burlingame for 2026?

Accepted Answer

San Mateo County is a high-cost area with elevated conforming limits. As of February 2026, single-family limits exceed the baseline national amount. Rates vary by borrower profile and market conditions.

Question 2

Can I use a conforming loan for a Burlingame condo?

Accepted Answer

Yes, if the condo project meets Fannie Mae or Freddie Mac warrantability standards. Older buildings sometimes fail due to commercial space ratios, owner-occupancy levels, or deferred maintenance issues.

Question 3

How much down payment do I need for a conforming loan here?

Accepted Answer

First-time buyers can put down 3% through certain programs. Repeat buyers typically need 5% minimum. Larger down payments improve rates and may keep high-priced Burlingame properties under conforming limits.

Question 4

What credit score do I need for best conforming rates?

Accepted Answer

680 or higher gets you into the best pricing tiers. 740+ unlocks the absolute lowest rates available. You can qualify at 620, but expect rate premiums of 0.5-1% compared to top-tier pricing.

Question 5

Should I choose conforming or jumbo for a $1.4M Burlingame home?

Accepted Answer

Depends on the conforming limit and your down payment. If you can stay under the limit, conforming usually costs less. But if you're $100k+ over, jumbo might offer better terms than stretching for a larger down payment.

Question 6

Do conforming loans work for Burlingame fixer-uppers?

Accepted Answer

Standard conforming loans require properties to be move-in ready. For fixers, you need renovation products like Fannie Mae HomeStyle or FHA 203k. These still follow conforming guidelines but allow repair funds in the loan.

Conforming Loans in Burlingame: Navigate San Mateo's Price Points